Orange-Juice Futures Advance After U.S. Demand Climbs
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Raw sugar rose for the fourth straight session on speculation that slow corn sowings in the U.S. may lift demand for Brazilian grain, creating shipping delays. Cocoa, cotton and coffee gained. Orange juice slid.
Corn futures jumped 6.5 percent yesterday, the most in 10 months, after a government report showed cold, wet weather delayed sprint planting in the U.S., the world’s biggest exporter. In the week ended April 23, money managers and other large speculators narrowed wagers on a sugar-price drop by 23 percent, government data showed.